Press release
Isopropyl Alcohol Market is estimated to be US$ 3.62 billion by 2022 with a CAGR of 6.3% over the forecast period (2022-32) With Top Most Key Players - Tokuyama Corporation, Deepak Fertilizers & Petrochemicals Corporation, LG Chem, Kailing Chemical Co., L
To know the upcoming trends and insights prevalent in this market, click the link below:
https://www.prophecymarketinsights.com/market_insight/Isopropyl-Alcohol-Market-4976
The report "Isopropyl Alcohol Market, By Application (Antiseptic & Astringent, Cleaning Agent, Solvent, Chemical Intermediate), By End Use Industry ( Cosmetics & Personal care, Pharmaceutical, Food & beverages, Agrochemicals, Paints & Coatings, Chemical), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030"
Key Highlights:
• In August 2022, South Korean petrochemical firm SK Geo Centric has started construction with Tokyo-based chemical firm Tokuyama on a facility to produce semiconductor water surface wash materials, in a city about 300 kilometers southeast of Seoul, the company announced in August. SK geo. Centric aims to produce about 30,000 tonnes of semiconductor red high-purity isopropyl alcohol per year through a 50:50 joint venture with Tokuyama called stac from 2024.
• In September 2022, Exxonmobil will sell its stake in the joint venture Era Energy. An affiliate of ExxonMobil has agreed to sell all of its California oil production interests to ExxonMobil, a division of Green Gate Resources E, LLC, and IKAV.
Analyst View:
Isopropyl alcohol is found in numerous household and commercial products, including rubbing alcohol, antifreeze disinfectants, cleaning solutions, skin and hair products, and hand sanitizers. Isopropyl alcohol is the most important ingredient in many chemicals such as detergents, disinfectants and preservatives. Technological developments in isopropyl alcohol and products that are more efficient and use are driving the worldwide isopropyl alcohol market innovation.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on"Isopropyl Alcohol Market, By Application (Antiseptic & Astringent, Cleaning Agent, Solvent, Chemical Intermediate), By End Use Industry (Cosmetics & Personal care, Pharmaceutical, Food & beverages, Agrochemicals, Paints & Coatings, Chemical), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032"
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https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/4976
Segments Covered in the Report:
Isopropyl Alcohol Market, By Application:
• Antiseptic & Astringent
• Cleaning Agent
• Solvent
• Chemical Intermediate
Isopropyl Alcohol Market, By End-Use Industry:
• Cosmetics & Personal care
• Pharmaceutical
• Food & Beverages
• Agrochemicals
• Paints & Coatings
• Chemical
Key Market Insights from the report:
Isopropyl Alcohol Market accounted for US$ 3.62billion in 2022 and is estimated to be US$ 6.3 billion by 2032 and is anticipated to register a CAGR of 4.57%. The Isopropyl Alcohol Market is segmented based on Application, End-Use Industry and Region.
• Based on Application, Isopropyl Alcohol Market is segmented into Antiseptic & Astringent, Cleaning Agent, Solvent, and Chemical Intermediate.
• Based on End-Use Industry, Isopropyl Alcohol Market is segmented into Cosmetics & Personal care, Pharmaceutical, Food & beverages, Agrochemicals, Paints & Coatings, and Chemical.
• By Region, the Isopropyl Alcohol Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Isopropyl Alcohol Market:
The prominent players operating in the Isopropyl Alcohol Market includes Tokuyama Corporation, Deepak Fertilizers & Petrochemicals Corporation, LG Chem, Kailing Chemical Co., Ltd, Exxon Mobil Corporation, Puritan Products, DongYing Naire Technology, INEOS Enterprises, Mitsui Chemicals, Inc., and LCY Group. The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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